🇺🇸Fed Summary (09/18/24):

1️⃣The Fed is cutting interest rates by 50 basis points for the first time since 2020, which we have long predicted and have been waiting for;

2️⃣The Fed expects two more rate cuts of 25 basis points in 2024;

3️⃣The Fed has gained "greater confidence" that inflation is moving toward 2%;

4️⃣The Fed will "carefully evaluate incoming data" and assess the outlook based on it;

5️⃣The Fed expects a rate cut of 100 basis points in 2025 and 50 basis points in 2026.

The long-awaited "FOMC reversal" has officially begun, now we are waiting for green candles in our portfolios📊